At a Glance
- Tasks: Manage loan accounts and ensure accurate processing of transactions and reporting.
- Company: Dynamic financial institution based in London with a focus on teamwork.
- Benefits: Competitive salary, full-time position, and hands-on experience in credit administration.
- Other info: Office-based role offering excellent career development opportunities.
- Why this job: Gain valuable experience in loan operations while working with diverse stakeholders.
- Qualifications: Knowledge of loans, proficiency in Microsoft Office, and strong organisational skills.
The predicted salary is between 28500 - 28500 £ per year.
Location: London (Fully Office‑Based)
Salary: £28,500 per annum
Role: Permanent
The Role
You will be responsible for the day‑to‑day administration and maintenance of a portfolio of bilateral, syndicated, and retail loan accounts, ensuring accuracy, compliance, and timely processing of all transactions and reporting requirements.
Key Responsibilities
- Manage loan lifecycle activities including drawdowns, rollovers, repayments, and interest servicing
- Maintain and update loan accounts within Finacle, ensuring accurate data and transaction processing
- Perform general account maintenance, including file management, correspondence, and record keeping
- Maintain loan files, working diaries, and registers in line with internal procedures
- Liaise with agent banks, participating banks, and internal departments to ensure smooth processing of transactions
- Coordinate with Accounts for reconciliation of loan accounts
- Monitor and diarise interest and instalment payments, ensuring timely follow‑ups
- Support all activities relating to Bank Guarantees
- Prepare and submit periodic reports and returns to internal stakeholders and regulatory bodies
- Maintain data across internal systems including CRM, eFO, and EDMS
- Respond to internal and external audit queries in a timely and accurate manner
- Provide cover and support to other team members when required
Key Stakeholders
- Corporate Credit, Retail Credit, Operations, Accounts, and Treasury teams
- Agent banks, branches, solicitors, and external vendors
About You
- Working knowledge of loans & advances and bank guarantees
- Experience using Finacle (preferred)
- Proficiency in Microsoft Word and Excel
- Strong attention to detail with excellent organisational skills
- Calm, composed, and professional approach to work
- Strong communication skills with the ability to liaise across multiple teams
What's on Offer
- Salary of £28,500 per annum
- Permanent, full‑time position
- Opportunity to gain hands‑on experience within Credit Administration and Loan Operations
- Exposure to a wide range of internal and external stakeholders
- Office‑based role in London
Credit Administration Specialist – Loan Lifecycle & Reporting employer: LJ Recruitment
As a Credit Administration Specialist in our London office, you will join a dynamic team that values accuracy and compliance while fostering a supportive work culture. We offer competitive salaries, opportunities for professional growth, and the chance to engage with a diverse range of stakeholders, making this an ideal environment for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Administration Specialist – Loan Lifecycle & Reporting
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. We recommend practising common interview questions and even doing mock interviews with friends. The more prepared you are, the more confident you'll feel!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. We suggest mentioning something specific from the interview to remind them of your conversation.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it’s super easy to keep track of your applications!
We think you need these skills to ace Credit Administration Specialist – Loan Lifecycle & Reporting
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience with loans and bank guarantees. We want to see how your skills match the role, so don’t be shy about showcasing your relevant experience!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Credit Administration Specialist role. We love seeing enthusiasm and a clear understanding of what we do.
Showcase Your Attention to Detail:In this role, accuracy is key. When filling out your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure everything is spot on!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at LJ Recruitment
✨Know Your Loans
Make sure you brush up on your knowledge of loans and advances, especially the types relevant to the role. Familiarise yourself with terms like drawdowns, rollovers, and repayments, as these will likely come up during the interview.
✨Get Comfortable with Finacle
If you have experience using Finacle, be ready to discuss it! If not, do a bit of research on how it works and its relevance in loan administration. Showing that you're proactive about learning can really impress the interviewers.
✨Showcase Your Organisational Skills
Since this role requires strong attention to detail and excellent organisational skills, prepare examples from your past experiences where you've successfully managed multiple tasks or maintained accurate records. This will demonstrate your fit for the position.
✨Communicate Effectively
Practice articulating your thoughts clearly and confidently. Since you'll be liaising with various teams and stakeholders, showcasing your communication skills during the interview is crucial. Consider doing mock interviews with friends to refine your delivery.
